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Constitutional Aspects – Relevant Terms
Part XII of the Constitution of India contains matter related to “Finance, Property, Contracts and Suits” covering article 264 to article 300A.
Article 265 states that no tax shall be levied or collected without the authority of law and authority of law as per the observations made by the Supreme Court in the case of Kunnathat 1961 SC 552 means that tax proposed to be levied must be within the legislative competence of the legislature imposing the tax. Some other aspects:
By Madhukar N Hiregange FCA